OpenSky® Secured Visa® Credit Card full review
Discover the OpenSky ® Secured Visa ® Credit Card, the perfect choice for those seeking a fresh financial start.
Understanding the OpenSky ® Secured Visa ® Credit Card
If you’re in need of a credit card that can help you establish or rebuild your credit history, the OpenSky ® Secured Visa ® Credit Card is worth considering. With an effortless application process, you can obtain this credit card quickly and easily.
Keep reading to discover the benefits of the OpenSky ® Secured Visa ® Credit Card and the steps to apply.
The Appeal of the OpenSky ® Secured Visa ® Credit Card
Unlike other credit cards, the OpenSky ® Secured Visa ® Credit Card doesn’t require a credit history check. This means that individuals with a negative credit history or no credit history at all can still have the opportunity to obtain a credit card and take the first steps towards a positive financial future.
Understanding the Fees
With an annual fee of $35 USD, the OpenSky ® Secured Visa ® Credit Card offers a reasonable fee compared to other credit cards providing similar services. The card also has a variable APR of 20.39% and does not include an introductory APR.
For those who plan on using their OpenSky ® Secured Visa ® Credit Card for international transactions, a 3% fee will be charged for each foreign transaction. Additionally, a cash advance fee of 5% (or a minimum of $6) applies to cash advances.
How Does the OpenSky ® Secured Visa ® Credit Card Work?
The OpenSky ® Secured Visa ® Credit Card is designed to provide its cardholders with quality services at affordable rates. It serves as an excellent tool for individuals looking to improve or establish their credit history.
Determining the Credit Limit
To establish your credit limit, you’ll need to make a refundable security deposit ranging from $200 to $3,000. The deposit amount will become your credit limit.
If you decide to close your credit card account, you can redeem this deposit in accordance with the card’s regulation. It’s also worth noting that a bank account is not necessary to make the deposit; you can use a money order or Western Union payment.
By consistently paying your bills on time, you have the opportunity to increase your credit limit within just six months. Additionally, you can set up email alerts to help you stay on track with your payments and due dates.
If you’re interested in learning more about the OpenSky ® Secured Visa ® Credit Card and how it fits your financial needs, continuing reading this article, and find out more about the benefits it offers.
Benefits of the OpenSky ® Secured Visa ® Credit Card
In addition to not performing credit history checks, the OpenSky ® Secured Visa ® Credit Card provides further advantages. It reports your banking activities to the three main credit agencies in the United States: Equifax ®, Experian ®, and TransUnion ®. This helps you build a positive credit history and improve your credit score.
How to Apply for the OpenSky ® Secured Visa ® Credit Card
If you’re interested in obtaining an OpenSky ® Secured Visa ® Credit Card, we’ve prepared a detailed step-by-step guide for you. Simply click the button below to access the article that walks you through the application process.
Apply for the OpenSky ® Secured Visa ® Credit Card now!
